My Price Prediction For XLMEUR
Currently we're bottoming out IMO.
This would make a pretty CUP & HANDLE pattern.
With a retrace on it's 50WMA and finding support.
Bullish Divergence on MACD and RSI on this timeframe making it a possible move to the upside.
If the pattern we're talking about is actually the CUP & HANDLE pattern and we break out I'll see a target of ~€13,6.
This would make a pretty CUP & HANDLE pattern.
With a retrace on it's 50WMA and finding support.
Bullish Divergence on MACD and RSI on this timeframe making it a possible move to the upside.
If the pattern we're talking about is actually the CUP & HANDLE pattern and we break out I'll see a target of ~€13,6.
Note
Note
Altho the correction may be done.Here are reasons why we could correct more or may have bottomed out.
Bullish :
Bullish Divergence On Weekly
Bearish :
Bearish Divergence That Played Out ( Confirmation )
Below The TK And The Cloud ( Ichimoku )
Below The 20 And 50 Weekly MA, Also Weekly BearCross Incoming.
MACD Diverging Below The 0-Line.
Al These Bearish Indicators But Will We Go Down ?
The week is still young waiting for the weekly close for the play out.
NOT FINANCIAL ADVISE, DO YOUR OWN RESEARCH.
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